Viridian owner said to be looking to sell the Northern Irish energy group

Arcapita Bank is believed to be seeking first-round bids for Viridian next month

A Viridian power station Pic: RollingNews.ie

Viridian’s Bahraini owner, Arcapita Bank, is seeking first-round bids for Northern Ireland’s largest energy supplier next month, according to two people with knowledge of the matter, Bloomberg News has reported.

Arcapita, which is being advised by Evercore Partners in London, has called for bids on January 15, said one of sources, who asked not to be named as the process is private. The Belfast-based company may be worth as much as €1 billion, ...